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24E-i

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Horngren'S Financial And Managerial Accounting
Found in: Page 945

Short Answer

Question: Journalize the following transactions for Marge’s Sofas. Explanations are not required.

i. Adjusted for overallocated or underallocated overhead.

Date

Particulars

Debit ($)

Credit ($)

Cost of goods sold

9,650

Manufacturing overhead

9,650

See the step by step solution

Step by Step Solution

Step 1: Actual overhead

Step 2: Underallocated overhead

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